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3. Ingersoll Rand, Inc. (US) and IDEX Corporation (US) are Leading players in the Metering Pumps Market

The market for metering pumps is approximated to be USD 6.9 billion in 2023, and it is projected to reach USD 8.5 billion by 2028 at a CAGR of 4.3%.  Metering pumps play a crucial role in the chemical process industry by facilitating the precise dosing of fluids over specific time periods, ensuring accuracy in various applications. These pumps find extensive use in sectors such as water treatment, petrochemicals, oil and gas, chemical processing, pharmaceuticals, food and beverages, and pulp and paper, thanks to their unique and tailored operations. Key drivers for their adoption include stringent governmental regulations pertaining to water treatment, the expansion of the chemical and petrochemical sectors, robust growth in the pharmaceutical industry in emerging economies, and rising demand for these pumps.

The global metering pumps market is competitive with the key players being Ingersoll Rand, Inc. (US), ProMinent GmbH (Germany), IDEX Corporation (US), Grundfos Holding A/S (Denmark), Seko S.P.A. (Italy), and Dover Corporation (US) among others.

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Ingersoll Rand, Inc.is a renowned global industrial company. The company operates across two business segments, including Industrial Technologies and Services and Precision and Science Technologies. Ingersoll Rand's offerings encompass a wide array of industrial equipment and solutions designed to enhance efficiency and sustainability, including air compressors, power tools, precision motion control systems, and vehicle climate control solutions. These segments cater to diverse sectors such as manufacturing, chemical processing, energy, food and beverage, agriculture, healthcare, automotive, and more. The Precision and Science Technologies segment manufactures a variety of positive displacement pumps, fluid management equipment, and aftermarket parts.

IDEX Corporation, headquartered in Illinois, US is a globally recognized industrial company specializing in fluid and metering technologies. With a diverse portfolio of precision pumps, flow meters, and fluid-handling solutions, IDEX serves a wide range of industries, including agriculture, chemical processing, life sciences, and more. The company operated through three business segments namely: Fluid and metering technologies, health and science technologies, and fire and safety or diverse products. The company's commitment to innovation, customization, and sustainability has solidified its position as a leader in providing specialized solutions that enhance efficiency and safety across various applications. The company was established on September 24, 1987.

ProMinent GmbH is a prominent player in the field of water treatment solutions and a manufacturer of metering components and systems. It is known for its innovative products, deep understanding of industrial processes, and a strong focus on practical applications. ProMinent delivers valuable solutions to various industries, addressing the needs for safety, efficiency, and environmental sustainability on a global scale. The company's headquarters are located in Heidelberg, Germany. With a workforce exceeding 2,800 employees spread across 50 sales and service companies and 11 production sites worldwide, ProMinent serves customers in approximately 100 countries, showcasing its international reach and influence in the industry. ProMinent GmbH offers a wide range of water treatment solutions, including metering pumps, monitoring instrumentation, polymer activation systems, and complete engineered systems to meet the needs of customers across various industries.

The companies have initiated the following developments:

• In November 2022, Ingersoll Rand completed the acquisition of Dosatron International, a leading technology solutions provider of water powered dosing pumps and systems.
• In September 2020, Ingersoll Rand completed acquisition of a France-based peristaltic pump manufacturer, Albin Pump.
• In March 2022, Idex corporation acquired KZValve. KZValve specializes in manufacturing electric valves and controllers for several end markets, including agriculture, emergency fire services, and water filtration. Some notable products offered by the company are waterproof motorized valves, controllers, manifolds and other accessories.
• In May 2023, Prominent GmbH made its low-pressure metering pumps available to be used in direct contact with foodstuffs. These pumps meet the requirements for sensitive use in food-related applications. 
• In July 2022, Dover Corporation completed the acquisition of Malema Engineering Corporation, which became part of Dover’s pumps & process solutions segment.
• In August 2022, Grundfos entered into a memorandum of understanding (MoU) with Ngee Ann Polytechnic (NP). The collaboration was done to jointly develop energy and water-efficient smart solutions that will play a crucial role in fostering a more resilient and sustainable built environment throughout Southeast Asia.

Related Reports:

Metering Pumps Market by Type (Diaphragm pump, Pistons/Plungers), End-Use Industry (Water Treatment, Petrochemicals and Oil & Gas, Chemical Processing, Pharmaceuticals), Pump drive (Motor, Solenoid, Pneumatic) and Region - Global Forecast to 2028

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